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'Shooting Star' Candle Close....>

EURO-STERLING TECHS
EURO-STERLING TECHS: 'Shooting Star' Candle Close Is A Near Term Concern
*RES 4: Stg0.8897 Mar 12 high, 76.4% of Stg0.8968-Stg0.8668
*RES 3: Stg0.8850/53 Mar 12 low, 61.8% of Stg0.8968-Stg0.8668
*RES 2: Stg0.8817 Mar 19 high
*RES 1: Stg0.8798/00 Mar 27 high, hourly resistance
*PRICE: Stg0.8767 @0820GMT
*SUP 1: Stg0.8735 Hourly support
*SUP 2: Stg0.8708/10 Mar 21, Mar 23 lows
*SUP 3: Stg0.8668 Mar 22 low
*SUP 4: Stg0.8642 Jun 8 low
*COMMENTARY* The fallout from the failure to deal with the top of the congested
6 month trading area continued throughout last month. A sharp dip to Stg0.8668
on Mar 22 briefly breaking the base of the range at Stg0.8687, before finding
some respite. In this respect, next resistance comes from Stg0.8800-Stg0.8817
but last Tuesday's 'Shooting Star' candle close is however a near term concern.
Support now ranged between Stg0.8735-Stg0.8708. 

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